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Chief economist update: Australia succumbs to pandemic-induced recession
Australian economic growth contracted by 7.0% in the June quarter - the biggest fall on record since 1959 and worse than market expectations for a 5%-6% fall - that followed a 0.3% decline in the March 2020 quarter, satisfying the technical definition of a recession.

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Read more: National AccountsScott MorrisonAustralian Bureau of StatisticsGlobal Financial CrisisReserve Bank of Australia
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